DBI FY 2016 Earnings Report — Designer Brands Inc. Revenue & Financial Results | Market Cap Arena

Designer Brands Inc.DBI

FY 2016 Earnings

Reported March 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.6B	—	3.5%
Op. Income	$200M	—	$214M	—	-6.3%
Gross Margin	28.5%	—	29.3%	—	-0.9pp
Net Margin	4.6%	—	5.2%	—	-0.6pp
EPS (Diluted)	$1.51	—	$1.54	—	-1.9%
Free Cash Flow	$125M	—	$139M	—	-9.7%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.9B
GROSS PROFIT	$772M
R&D Expenses	$0
Selling & Marketing	$77M
General & Administrative	$522M
SG&A Expenses	$598M
Other Expenses	$338.0K
Operating Expenses	$592M
Cost & Expenses	$2.5B
OPERATING INCOME	$200M
Interest Income	$2M
Interest Expense	$238.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	$203M
Income Tax Expense	$79M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$741.0K
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$82M
EBIT	$203M
EBITDA	$285M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.9B
GROSS PROFIT	$772M
R&D Expenses	$0
Selling & Marketing	$77M
General & Administrative	$522M
SG&A Expenses	$598M
Other Expenses	$338.0K
Operating Expenses	$592M
Cost & Expenses	$2.5B
OPERATING INCOME	$200M
Interest Income	$2M
Interest Expense	$238.0K
Other Income/Expenses	$3M
INCOME BEFORE TAX	$203M
Income Tax Expense	$79M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$741.0K
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$82M
EBIT	$203M
EBITDA	$285M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$82M
Stock-Based Compensation	$13M
Deferred Income Tax	$7M
Other Non-Cash Items	-$19M
Change in Working Capital	$6M
OPERATING CASH FLOW	$213M
Capital Expenditure	-$88M
Acquisitions (Net)	-$60M
Purchases of Investments	-$96M
Sales/Maturities of Investments	$221M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	$0
Common Stock Repurchased	-$50M
Common Dividends Paid	-$65M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$110M
FREE CASH FLOW	$125M
Net Change in Cash	$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$111M
Short-Term Investments	$99M
Net Receivables	$19M
Inventory	$500M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$759M
PP&E (Net)	$375M
Goodwill	$80M
Intangible Assets	$35M
Long-Term Investments	$94M
Tax Assets	$15M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$669M
TOTAL ASSETS	$1.4B
Account Payables	$186M
Short-Term Debt	$0
Deferred Revenue	$46M
Other Current Liabilities	$46M
TOTAL CURRENT LIABILITIES	$317M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$174M
TOTAL NON-CURRENT LIABILITIES	$174M
TOTAL LIABILITIES	$491M
Common Stock	$946M
Additional Paid-In Capital	$946M
Retained Earnings	$347M
Treasury Stock	-$317M
Accum. Other Comp. Income	-$14M
Other Equity	-$971M
TOTAL STOCKHOLDERS' EQUITY	$937M
Minority Interest	$0
TOTAL EQUITY	$937M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$111M